New bridge drives up Fife sales

House sales in Fife are looking promising, driven in part by the new Queensferry Crossing set to significantly shorten commuting times to Edinburgh.

During the second quarter of 2017 property firm Galbraith reported a 35 per cent increase in residential sales in Fife compared with the same period last year. George Lorimer, a partner with Galbraith based in the firm’s Cupar office, said: “Fife is a seller’s market at the moment because demand for property here is growing fast.

The new Queensferry Crossing is expected to significantly reduce journey times between Fife and Edinburgh, opening up access for tourists to the area and making life much easier for commuters. “This area is already highly sought after for the fantastic countryside and quality of life it offers, but now it is also more accessible to and from the central belt, offering buyers the best of both worlds.” Properties are selling more quickly, on average, than in the previous quarter and the quickest sale was concluded in just five days.

The average price of property sold by the firm in Fife for the quarter was £425,000. Mr Lorimer continued: “Fife is of course the Home of Golf, which is another big attraction for those looking to buy. Carnoustie plays host to The Open in July next year and it will be the turn of St Andrews to host the tournament in 2021. “Properties priced between £250,000 and £500,000 are selling really well in Fife so now is a great time for sellers to consider putting their property on the market.”